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Belgian (BEL20) Capital Markets Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.2%
  • 3M2.5%
  • 1Y1.8%
  • YTD-0.4%

Over the last 7 days, the Capital Markets industry has remained flat, although notably Gimv declined by 3.4%. Furthermore, the industry has been flat for the past year as well.

Industry Valuation and Performance

Has the Belgian Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026€5.4b€586.2m€290.3m37.2x18.6x9.2x
Tue, 06 Jan 2026€5.5b€586.2m€290.3m37.6x18.8x9.3x
Thu, 04 Dec 2025€5.3b€586.2m€290.3m37x18.4x9.1x
Sat, 01 Nov 2025€5.3b€617.1m€308.5m35.8x17.3x8.7x
Mon, 29 Sep 2025€5.3b€393.3m€310.4m36.2x17.1x13.5x
Wed, 27 Aug 2025€5.5b€755.6m€673.5m9.8x8.2x7.3x
Fri, 25 Jul 2025€5.5b€755.6m€673.5m9.8x8.1x7.2x
Sun, 22 Jun 2025€5.5b€967.0m€672.7m9.8x8.2x5.7x
Tue, 20 May 2025€5.5b€942.1m€657.7m8.3x8.4x5.8x
Thu, 17 Apr 2025€5.0b€921.9m€658.6m7.6x7.7x5.5x
Sat, 15 Mar 2025€5.0b€795.2m€512.0m10.5x9.7x6.3x
Mon, 10 Feb 2025€4.9b€795.2m€512.0m10.5x9.6x6.2x
Wed, 08 Jan 2025€5.0b€795.2m€512.0m10.7x9.8x6.3x
Fri, 06 Dec 2024€4.7b€795.2m€512.0m11x9.2x5.9x
Sun, 03 Nov 2024€4.8b€811.2m€525.3m11.4x9.1x5.9x
Tue, 01 Oct 2024€5.1b€811.2m€525.3m11.7x9.7x6.3x
Thu, 29 Aug 2024€4.8b€770.2m€483.7m12.3x9.9x6.2x
Sat, 27 Jul 2024€4.9b€770.2m€483.7m12x10.1x6.3x
Mon, 24 Jun 2024€5.2b€770.1m€483.2m12.4x10.7x6.7x
Wed, 22 May 2024€5.1b€732.2m€439.8m12.6x11.6x7x
Fri, 19 Apr 2024€5.0b€754.9m€439.8m13.1x11.3x6.6x
Sun, 17 Mar 2024€4.8b€754.9m€439.8m12.6x10.9x6.4x
Tue, 13 Feb 2024€4.9b€690.6m€365.6m14.9x13.3x7x
Thu, 11 Jan 2024€4.7b€691.5m€365.8m14.9x12.9x6.8x
Sat, 09 Dec 2023€4.6b€691.5m€365.6m15.3x12.5x6.6x
Mon, 06 Nov 2023€3.1b€437.6m€191.8m15.4x15.9x7x
Wed, 04 Oct 2023€3.2b€429.8m€191.8m15.9x16.8x7.5x
Fri, 01 Sep 2023€486.0m€58.9m€27.8m15.3x17.5x8.2x
Sun, 30 Jul 2023€500.7m€58.9m€27.8m15.9x18x8.5x
Tue, 27 Jun 2023€480.1m€150.1m€26.1m52x18.4x3.2x
Thu, 25 May 2023€1.7b€157.7m-€33,336,379.0048.5x-50.4x10.6x
Sat, 22 Apr 2023€1.7b€372.6m-€11,616,379.0047.6x-150.6x4.7x
Mon, 20 Mar 2023€1.6b€353.5m-€14,923,132.0045.9x-110.5x4.7x
Wed, 15 Feb 2023€4.7b€615.1m€361.5m18.1x13x7.7x
Price to Earnings Ratio

13x


Total Market Cap: €4.7bTotal Earnings: €361.5mTotal Revenue: €615.1mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Capital Markets Industry Price to Earnings3Y Average 3.6x202420252026
Current Industry PE
  • Investors are optimistic on the Belgian Capital Markets industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 18.6x which is higher than its 3-year average PE of 3.6x.
  • The 3-year average PS ratio of 6.9x is lower than the industry's current PS ratio of 9.2x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have declined 7.1% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Belgian Financials industry?

BE Market2.95%
Financials1.06%
Capital Markets-0.24%
Investment Banking and Brokerage0%0
Asset Management-0.24%
Industry PE
  • Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 3.6x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Asset Management industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 3.6x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BREB Brederode€106.401.1%
+€35.2m
-7.2%PE62.2x
TINC TINC€10.761.3%
+€6.8m
1.1%PE12.2x
ROCK Whitestone Group€17.001.8%
+€2.0m
30.8%PS0.5x

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